Hy24, a clean hydrogen pure-play investment manager, will invest around €13 million into Norwegian hydrogen systems supplier Hexagon Purus. The investment is the first by Hy24’s new Clean Hydrogen Equipment Fund, focused on industrializing the supply chain to scale the clean hydrogen economy. The fu
H2 Energy Europe, a builder of hydrogen ecosystems in Europe, has obtained environmental approval for its large-scale green hydrogen production facility in Esbjerg, Denmark. The approval issued for the facility, which will have a 1 GW electrolysis capacity, is said to be a significant milestone, bri
Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg
Essar Group’s EET Hydrogen, formerly Vertex Hydrogen, has received approval from Cheshire West and Chester Council to build a low-carbon hydrogen plant HPP1 at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, UK. The plant, located at the heart of the HyNet industrial decarbonization c
On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) has revealed that six applicants have been shortlisted and invited to submit a full application in the next stage of the $2 billion Hydrogen Headstart program. The applicants include: Together, the applicants are
Germany will be the first member state to take part in the new EU mechanism ‘Auctions-as-a-service’ of the European Hydrogen Bank, with the federal government providing an additional €350 million for electrolyzer projects in Germany. These are in addition to the €800 million that the EU Innovation F
The European Investment Bank (EIB) has confirmed an additional German contribution to the Green Hydrogen Fund, enabling the fund to broaden its scope and supporting the international ramp-up of the hydrogen economy. The Green Hydrogen Fund, established in 2021 and implemented by EIB, will now provid
A joint venture formed by Denmark-based green hydrogen company Everfuel and Hy24, a manager of the world’s largest clean hydrogen infrastructure fund, has signed the final agreement with the Danish government on an increased award in the country’s first Power-to-X (PtX) tender. On November 17, the D
UK government has concluded the first hydrogen allocation round (HAR1) and selected eleven projects, totaling 125 MW capacity, to receive over £2 billion (around $2.5 billion) of revenue support from the Hydrogen Production Business Model. Launched in July 2022, HAR1 represents the largest number of
SSE Thermal, an operator of energy storage assets, has acquired a 50% stake in H2NorthEast, a blue hydrogen project being developed by Aberdeen-based energy infrastructure company Kellas Midstream in Teesside, UK. By acquiring a 50% stake, SSE Thermal has become a joint owner of the project. Through
Dutch bank ABN AMRO is investing in the Clean Hydrogen Equipment Fund, managed by Hy24, a clean hydrogen investment fund committed to scaling up the global hydrogen economy. This is said to be the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the ban
Classification society Bureau Veritas (BV) and Avance Labs, an I-REC (international renewable energy certificate) accredited code manager for tracking and certification of attributes associated with hydrogen and hydrogen derivative fuels and products, have signed a memorandum of understanding (MoU)
A global initiative for the mutual recognition of certification systems for hydrogen and derivatives has been presented at COP28 in Dubai. During a “High Level Roundtable on Hydrogen” event on December 5, the flagship Hydrogen Declaration of Intent to pursue mutual recognition of hydrogen certificat
India’s renewable energy company ReNew Energy Global has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects, including green hydrogen. Specifically, the MoU, signed at COP28, identifies potential invest
